G20 summit

On July 9 and 10, Italy, the rotating chair of the group of 20 (G20), presided over a meeting of G20 finance ministers and central bank governors, which mainly discussed the global economic and health situation, supporting low-income countries to cope with the impact of the epidemic, developing sustainable finance, promoting financial sector reform, promoting digital transformation and international tax cooperation.
 
In this conference, international tax cooperation is the focus of the market. According to CCTV news, the meeting "has reached a historic agreement on a more stable and fair international tax framework.". The G20 supports measures such as the redistribution of profits of multinational enterprises and the setting of global minimum corporate tax rates, and calls on more countries to join the negotiations in the future.

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